Kurt W. Hoff - 01 Jun 2025 Form 4 Insider Report for LANTRONIX INC (LTRX)

Role: Chief Revenue Officer
Signature: /s/ Brent Stringham, Attorney-in-fact for Kurt Hoff
Issuer symbol: LTRX
Transactions as of: 01 Jun 2025
Net transactions value: -$3,484
Form type: 4
Filing time: 03 Jun 2025, 18:43:42 UTC
Previous filing: 03 Mar 2025
Next filing: 02 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Hoff Kurt W	Chief Revenue Officer	C/O LANTRONIX, INC., 48 DISCOVERY SUITE 250, IRVINE	/s/ Brent Stringham, Attorney-in-fact for Kurt Hoff	03 Jun 2025	0001404942

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LTRX	Common Stock	Options Exercise	$0	+5,200	+39%	$0.000000	18,533	01 Jun 2025	Direct	F1
transaction	LTRX	Common Stock	Tax liability	$3,484	-1,591	-8.6%	$2.19	16,942	01 Jun 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LTRX	Restricted Stock Units	Options Exercise	$0	-5,200	-12%	$0.000000	36,405	01 Jun 2025	Common Stock	5,200		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents inducement restricted stock units ("Inducement RSUs") granted on March 5, 2024. The shares subject to the Inducement RSUs shall vest such that one-third (1/3) of the shares vest on March 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on June 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on March 1, 2027.
F2	In accordance with the terms of the RSU Agreement, 1,591 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.

Content

Represents inducement restricted stock units ("Inducement RSUs") granted on March 5, 2024. The shares subject to the Inducement RSUs shall vest such that one-third (1/3) of the shares vest on March 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on June 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on March 1, 2027.

In accordance with the terms of the RSU Agreement, 1,591 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.